Is there a reason you don't want a pack and play? They are very portable, come with different height things - bassinet and then all the way down - and in your price range. They even sell mattress pad type boards instead of the hard boards you can get.

Definitely no toxic paint.

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SAHM to Magnolia May (09/10), Luke Russett (04/13) and expecting 11/16. Wife and best friend to my airman.